Beginners Luck in trading real or superstition
Beginners Luck in trading real or superstition
I often hear of beginners Luck and i have equally experienced it. At the early times you seem to make a few stipend here and there and you get so over confident and feeling like a trading beast or a sniper, only to blow the account over and over again, frustration starts creeping in.
Beginners Luck occurs during the first few days, weeks or months of trading. Beginners are cautious and less greedy initially, they seem to be excited by a few stipend they get.
I am of the opinion that beginners should get less overconfident and try to understand the market and develop a trading system.
Beginners should equally know that loosing trades is still part of the win if you know the reason for the loss. Some one once said anyone who thinks trading is easy has just been trading for 5 minutes.
What’s your opinion about this? What was your experience, have you ever had beginners Luck? Is it real or is it superstition?
If someone has been trading for a month and the person is not losing but making profit than loss, the person is a good trader. But I understand you. If you do anything and you gain than lose, you can have too much confidence that can lead to overconfidence and which can make the trader thing he is too good but leading to making mistakes. We should follow the trading rules.